U.S. consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip.
(Reuters) - A U.S. bankruptcy judge on Tuesday said he will approve a plan by RadioShack Corp to sell 1,740 of its stores to the Standard General hedge fund, which plans to operate most of them in conjunction with Sprint Corp . The ruling ends a hotly-contested, four-day hearing in which RadioShack’s largest creditor, Salus Capital Partners, opposed the sale. RadioShack has said it hopes to close the sale by Wednesday to avoid paying April rent. (Reporting By Nick Brown; Editing by Chris Reese)
NEW YORK (Reuters) - U.S. stocks declined on Tuesday in a retreat from the previous session's sharp rally, but major indexes remained on track for first-quarter gains and the S&P 500 was set for its ninth straight quarterly rise.